Around 80,000 Bitcoin options contracts will expire on Friday, Jan. 30, and they have a notional value of roughly $8.36 billion.<\/p>\n
This week\u2019s expiry event is a large one because it is the end of the month. However, crypto derivatives expiry events<\/a> such as this rarely influence spot markets, which have remained relatively flat this week.<\/p>\n This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.68, which means that there are more call (long) contracts expiring than puts (shorts).<\/p>\n Moreover, open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at the $120,000 strike price, which is $2.4 billion, according<\/a> to Deribit.<\/p>\n There is also around $1.65 billion in OI at the $110,000 strike price, as derivatives traders continue to speculate that BTC prices will rise from current levels.<\/p>\n Earlier this week, crypto derivatives provider Greeks Live said<\/a> the \u201clonger-term outlook remains constructive with expectations of continued upward momentum.\u201d<\/p>\n Meanwhile, Deribit reported<\/a> that Bitcoin\u2019s brief drop below $100,000 this week caused changes in the derivatives market. Short-term traders were buying more put options than usual, but longer-term traders remained optimistic, favoring call options, it stated.<\/p>\n <\/a>Bitcoin OI by expiry. Source: Deribit<\/p>\n Around 600,000 Ethereum<\/a> contracts are also expiring in addition to today\u2019s tranche of Bitcoin options. These have a notional value of $1.95 billion and a put\/call ratio of 0.43.<\/p>\n This brings Friday\u2019s combined crypto options expiry notional value to around $10.3 billion.<\/p>\n Total market capitalization has fallen just over 1% on the day to $3.68 trillion, where it was at the same time last week.<\/p>\n Bitcoin reached $106,000 in an intraday high on Thursday but started to retreat during the Friday morning Asian trading session, falling to $104,300 at the time of writing. It has recovered from a Monday dip into the five-figure territory but failed to gain further momentum this week.<\/p>\n Ethereum remains weak, having failed to reach $3,300 and trading at just over $3,200 at the time of writing.<\/p>\n The altcoins were generally mixed with minor gains and losses on Friday morning. Stellar (XLM), Sui (SUI), and Litecoin<\/a> (LTC) were doing a little better than the rest.<\/p>\n Analysts have observed<\/a> that February is usually much better for crypto price action than January, so things could be about to heat up.<\/p>\n The post How Will Markets React as $10B in Crypto Options Expire Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 80,000 Bitcoin options contracts will expire on Friday, Jan. 30, and they have a notional value of roughly $8.36 billion. This week\u2019s expiry event is a large one because it is the end of the month. However, crypto derivatives expiry events such as this rarely influence spot markets, which have remained relatively flat this […]<\/p>\n","protected":false},"author":0,"featured_media":40541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40540"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40540"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/40541"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Options Expiry<\/h2>\n
Crypto Market Outlook<\/h2>\n
![<\/a>Bitcoin OI by expiry. Source: Deribit<\/p>\nAround 600,000 Ethereum<\/a> contracts are also expiring in addition to today\u2019s tranche of Bitcoin options. These have a notional value of $1.95 billion and a put\/call ratio of 0.43.<\/p>\nThis brings Friday\u2019s combined crypto options expiry notional value to around $10.3 billion.<\/p>\nCrypto Market Outlook<\/h2>\nTotal market capitalization has fallen just over 1% on the day to $3.68 trillion, where it was at the same time last week.<\/p>\nBitcoin reached $106,000 in an intraday high on Thursday but started to retreat during the Friday morning Asian trading session, falling to $104,300 at the time of writing. It has recovered from a Monday dip into the five-figure territory but failed to gain further momentum this week.<\/p>\nEthereum remains weak, having failed to reach $3,300 and trading at just over $3,200 at the time of writing.<\/p>\nThe altcoins were generally mixed with minor gains and losses on Friday morning. Stellar (XLM), Sui (SUI), and Litecoin<\/a> (LTC) were doing a little better than the rest.<\/p>\nAnalysts have observed<\/a> that February is usually much better for crypto price action than January, so things could be about to heat up.<\/p>\nThe post How Will Markets React as $10B in Crypto Options Expire Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Around 80,000 Bitcoin options contracts will expire on Friday, Jan. 30, and they have a notional value of roughly $8.36 billion. This week\u2019s expiry event is a large one because it is the end of the month. However, crypto derivatives expiry events such as this rarely influence spot markets, which have remained relatively flat this […]<\/p>\n","protected":false},"author":0,"featured_media":40541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40540"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40540"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/40541"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/bitcoinoi-2.jpg\"){kind=link}